19,797 Shares in Old Second Bancorp, Inc. (NASDAQ:OSBC) Bought by Hudson Edge Investment Partners Inc.

Hudson Edge Investment Partners Inc. bought a new stake in Old Second Bancorp, Inc. (NASDAQ:OSBC) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 19,797 shares of the financial services provider’s stock, valued at approximately $293,000.

A number of other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Old Second Bancorp by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 2,423,983 shares of the financial services provider’s stock valued at $33,548,000 after purchasing an additional 45,955 shares during the last quarter. Banc Funds Co. LLC lifted its holdings in shares of Old Second Bancorp by 3.7% in the 4th quarter. Banc Funds Co. LLC now owns 2,126,262 shares of the financial services provider’s stock worth $32,829,000 after acquiring an additional 74,952 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Old Second Bancorp by 13.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,387,175 shares of the financial services provider’s stock valued at $21,419,000 after purchasing an additional 167,355 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Old Second Bancorp by 9.4% during the 4th quarter. The Manufacturers Life Insurance Company now owns 1,061,824 shares of the financial services provider’s stock valued at $16,395,000 after purchasing an additional 91,442 shares during the last quarter. Finally, Wellington Management Group LLP raised its position in Old Second Bancorp by 50.5% in the 4th quarter. Wellington Management Group LLP now owns 387,800 shares of the financial services provider’s stock worth $5,988,000 after purchasing an additional 130,200 shares during the period. Hedge funds and other institutional investors own 67.76% of the company’s stock.

Old Second Bancorp Trading Down 1.7 %

Old Second Bancorp stock traded down $0.29 during trading hours on Friday, reaching $16.66. The stock had a trading volume of 251,758 shares, compared to its average volume of 215,871. The stock has a market cap of $747.13 million, a PE ratio of 8.46 and a beta of 1.07. The company has a fifty day simple moving average of $16.04 and a 200-day simple moving average of $14.64. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.07 and a quick ratio of 1.07. Old Second Bancorp, Inc. has a 52 week low of $13.00 and a 52 week high of $17.46.

Old Second Bancorp (NASDAQ:OSBC) last announced its quarterly earnings results on Wednesday, July 17th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.02). The business had revenue of $70.82 million for the quarter, compared to analysts’ expectations of $70.03 million. Old Second Bancorp had a net margin of 25.62% and a return on equity of 14.83%. Analysts forecast that Old Second Bancorp, Inc. will post 1.91 EPS for the current fiscal year.

Old Second Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 5th. Investors of record on Friday, July 26th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Friday, July 26th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.20%. Old Second Bancorp’s dividend payout ratio is presently 10.15%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Piper Sandler upped their price target on shares of Old Second Bancorp from $18.00 to $19.50 and gave the company an “overweight” rating in a research report on Friday, July 19th. DA Davidson increased their target price on Old Second Bancorp from $16.00 to $19.00 and gave the company a “buy” rating in a report on Friday, July 19th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $18.13.

Insider Buying and Selling

In other Old Second Bancorp news, Director John Ladowicz sold 30,585 shares of the business’s stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $16.22, for a total transaction of $496,088.70. Following the transaction, the director now directly owns 189,192 shares of the company’s stock, valued at approximately $3,068,694.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 3.80% of the stock is currently owned by insiders.

Old Second Bancorp Profile

Old Second Bancorp, Inc operates as the bank holding company for Old Second National Bank that provides community banking services. It offers demand, NOW, money market, savings, time deposit, individual retirement, and checking accounts, as well as certificates of deposit accounts. The company also provides commercial loans; lease financing receivables; commercial real estate loans; construction loans; residential real estate loans, such as residential first mortgage and second mortgage loans; home equity line of credit; consumer loans, including motor vehicle, home improvement, and signature loans; installment and agricultural loans; residential mortgages; and overdraft checking.